The global demand for Plastic Antioxidants Market is presumed to reach the valuation of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% during the period of 2022-2028.
Plastic Antioxidants are chemicals added to protect plastics during processing and service life by ensuring that process stability, thermal stability and durability standards are met as per expectations. These chemical stabilisers can be used to prevent the oxidation, mechanical degradation, UV damage of plastics and discolouration. These antioxidants act like a scavenger by removing the unwanted radicals from polymer and thus prevent the onset of oxidation especially during processing at high temperature. The antioxidants used are grouped as primary, secondary and blend.
Market Dynamics
The use of plastics across various sectors like automotive and packaging will be the main drivers for the growth of plastics antioxidants market. The adoption of these chemicals to enhance the product's resistance against acid, UV and its hardness, the lifespan will greatly augment the growth of this market. The increasing demand for plastics in agriculture will boost its market. The various research activities carried out and new plants built to produce efficient antioxidants will be a big market booster. Healthcare facilities are the largest consumers of single-use plastics and hence this market will remain stable during COVID-19 pandemic. The various health hazards associated, and stringent government rules imposed on its use will hamper the market growth.
The report covers Porter's Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of plastic antioxidants.
Market Segmentation
The entire plastic antioxidants market has been sub-categorized into antioxidant type and polymer resin. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
By Antioxidant Type
- Phenolic
- Phosphite & Phosphonite
- Antioxidant Blends
By Polymer Resin
- Polyethylene
- Polypropylene
- Polyvinyl Chloride
- Polystyrene
- Acrylonitrile Butadiene Styrene
Regional Analysis
This section covers regional segmentation which accentuates on current and future demand for plastic antioxidants market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Global Plastic Antioxidants Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the plastic antioxidants market include BASF SE, Songwon Industrial Co., Ltd., Adeka Corporation, Solvay SA, SI Group, Inc., Clariant AG, Sumitomo Chemical Company, Limited, 3V Sigma SpA, Dover Chemical Corporation, Everspring Chemical Inc. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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